Wegovy: Weight-loss drug firm becomes Europe's most valuable

Danish pharmaceutical giant Novo Nordisk's weight-loss drug, Wegovy, has surpassed LVMH as Europe's most valuable firm, with a market valuation of $428bn, as the drug's popularity continues to grow due to its effectiveness in tricking people into feeling full and aiding weight loss.

bbc.com

Relevant topic timeline:

8/21/2023

How soaring demand for Ozempic and Wegovy is altering Denmark's economy

Sales of the weight-loss drug Wegovy, manufactured by Novo Nordisk, have led to lower interest rates in Denmark due to an influx of US dollars into the country's economy, which has pushed up the value of the Danish krone.

8/25/2023

Weight-Loss Drug Wegovy Will Launch In More Countries Despite Ongoing Struggles Over Stellar Demand, CEO Says

Novo Nordisk plans to launch its weight-loss drug Wegovy in more countries, despite shortages caused by high demand, according to CEO Lars Fruergaard Jorgensen.

9/4/2023

Weight-loss drug Wegovy debuts in UK even as Novo Nordisk struggles with supplies

Novo Nordisk has launched its weight-loss injection, Wegovy, in the UK, following a controlled and limited launch, with a monthly supply priced between £199 and £299 for private patients through an online pharmacy chain.

9/6/2023

Morning Bid: Shedding pounds, buying dollars

Investors are eagerly anticipating the release of Novo Nordisk's weight-loss injection in British stores, while Manchester United shares plummeted after reports of the club being taken off the market; meanwhile, the dollar is strengthening, oil prices are rising, and concerns about weak demand and China's economy persist.

9/6/2023

Denmark's economy boosted by anti-obesity treatments

The Danish pharmaceutical company Novo Nordisk is driving the country's economic growth, with its profits and production of anti-obesity drugs contributing significantly to the GDP and employment rates.

9/13/2023

Novo Nordisk Shares Drop After Stock Split, But Long Term Growth Prospects Still Strong Despite Valuation Concerns

Danish drugmaker Novo Nordisk's shares fell after a split aimed at increasing liquidity, but analysts remain optimistic about the company's leadership in the obesity drug market.

9/20/2023

Ypsomed Signs Long-Term Deal to Supply Autoinjectors for Novo Nordisk's Diabetes and Obesity Drugs

Ypsomed has announced a long-term supply deal with Novo Nordisk for autoinjectors, indicating the success of Novo Nordisk's weight-loss drug business and the potential for growth in the obesity market.

9/20/2023

New Obesity Drugs Could Transform Health but Disrupt Major Industries

Anti-obesity drugs developed by Novo Nordisk and Eli Lilly have the potential to transform public health but could also disrupt industries such as food, fitness, and healthcare, affecting companies like Nestlé and McDonald's.

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Posted 9/5/2023, 2:13:37 AM

Wegovy: Weight-loss drug firm becomes Europe's most valuable

bbc.com

Relevant topic timeline:

8/21/2023

How soaring demand for Ozempic and Wegovy is altering Denmark's economy

8/25/2023

Weight-Loss Drug Wegovy Will Launch In More Countries Despite Ongoing Struggles Over Stellar Demand, CEO Says

Novo Nordisk plans to launch its weight-loss drug Wegovy in more countries, despite shortages caused by high demand, according to CEO Lars Fruergaard Jorgensen.

9/4/2023

Weight-loss drug Wegovy debuts in UK even as Novo Nordisk struggles with supplies

9/6/2023

Morning Bid: Shedding pounds, buying dollars

9/6/2023

Denmark's economy boosted by anti-obesity treatments

9/13/2023

Novo Nordisk Shares Drop After Stock Split, But Long Term Growth Prospects Still Strong Despite Valuation Concerns

Danish drugmaker Novo Nordisk's shares fell after a split aimed at increasing liquidity, but analysts remain optimistic about the company's leadership in the obesity drug market.

9/20/2023

Ypsomed Signs Long-Term Deal to Supply Autoinjectors for Novo Nordisk's Diabetes and Obesity Drugs

9/20/2023

New Obesity Drugs Could Transform Health but Disrupt Major Industries